We investigate whether experimental participants follow their private information and contradict herds in situations where it is empirically optimal to do so. We consider two sequences of players, an observed and an unobserved sequence. Observed players sequentially predict which of two options...

In this paper, we conducted a comparative study of ten measures documented as the most used by researchers and practionners: Sharpe, Sortino, Calmar, Sterling, Burke, modified Stutzer, modified Sharpe, upside potential ratio, Omega and AIRAP. This study was carried out in two stages on a sample...

La notion d'élasticité de la consommation au prix des carburants permet d'appréhender quantitativement l'effet de la taxation sur la consommation des agents. Jusqu'ici, ce paramètre a principalement été estimé dans une perspective macro-économique, sans différenciation suivant les...

In this paper, we study the impact of the human capital background on ethnic educational gaps between second-generation immigrants in France. First, we show that the skill of immigrants explains the main part of the ethnic educational gap between their children. More precisely, if the education...

There is a common perception among consumers that the retail prices respond faster to an increase in the price of raw material than to a decrease. This paper aims at testing the existence of such asymmetric price transmission in the cocoa-chocolate chain on the French market. Two types of...

This paper deals with the cost of treatment of the ultimate waste, that is waste which cannot, in the absence of recycling opportunities, be reduced by a suitable taxation scheme. We propose a new way to handle this waste based on aWaste Management Contracts (WMC) which largely implicates the...

Cet article propose une description et une interprétation des grandes transformations du crédit en France au 19e siècle. Il montre l'influence, à côté des forces de marché poussant à l'intégration du marché du crédit, d'institutions qui évoluent en fonction des rapports de force...

The aim of his paper is to discuss the roles of the elasticity of intertemporal substitution in consumption and the elasticity of the labor supply on the local determinacy properties of the steady state in a two-sector economy with CES technologies and sector-specific externalities. Our main...

We present a survey of the main conditions for the occurrence of indeterminacy in discrete-time infinite-horizon models with technological external effects.One-sector models are characterized by global external effects coupled with increasing social returns. We will show that indeterminacy of...

Le but de ce papier est de présenter une vue générale sur les problèmes économétriques liés à la mesure de la pauvreté. A partir d'une fonction de bien-être, on définit tout d'abord des mesures d'inégalité, puis de pauvreté, basées soit sur des indices, soit surla notion de...